Monday, August 26, 2013

Drilling Rig Efficiency

Further to a previous post, here is another look at some rig efficiency stats, calculated from the Baker Hughes rig and spud data, recently released.  When compared to the reported drill times of the most prominent operators in each basin, and the known EUR data points, it is reasonable to suppose that basin-wide productivity and yields will continue to improve significantly, with the possible exception of the older shale basins like the Barnett and Fayetteville.